Exhibit B -- Specifics of the Loan

California Residents Only

Loan Number: N1569
Minimum participation: $15,000
Call for availability of smaller participation
Loan Amount: $320,600
Type: First Mortgage
Yield: 10.0%*

PROPERTY

Project: REBECCA'S PERSONAL CARE HOME II

Property address: 47 West Street, North East, PA
Description: The subject property consists of a 13,140SF, 61-bed assisted living facility on a 1.37 acre parcel.

EQUITY ANALYSIS

OPERATING STATEMENT

INCOME Rental Income	. $500,200
. . . . . . . . . . . . . . . . . Total Income:	$500,200
Less __% Vacancy Allowance	N/A
. . . . . . . . . Effective Gross Income:	$500,200

EXPENSES Gas and electric Insurance Office Expense Dues and Subscriptions Repairs & Maintenance Salaries & Payroll Taxes Taxes (Real Estate) Training License & Permits   Reserves for Replacement Miscellaneous Advertising Legal & Audit Supplies Total Expenses: NET OPERATING INCOME Note: Pro forma based on appraiser's estimates.

. $29,585 $30,866 $3,000 $875 $7,625 $213,500 $12,810 $500 $500 $15,006 $5,000 $3,050 $1,750 $79,300 $403,367 $96,833

TERMS

BORROWERS

REBECCA'S PERSONAL CARE HOME II

We have modified this note to yield 10.0% for the 5 year investment term.

This is a chance to invest in a seasoned, performing Blackburne & Sons first mortgage loan.  It began five years ago at $330,000 and has paid practically as agreed, with just five late charges.  The loan balance is $320,600.

It is secured by a 61-bed licensed assisted living facility in North East Township, which borders the state of New York and is adjacent to Erie, Pennsylvania, on Lake Erie.  Several vineyards, orchards and century farms in the township have been operating for 170 years.  A century farm is one that has been operated by succeeding generations of the same family for at least 100 years.

The population of Erie and its surroundings has remained stable over the past three decades as it is the commercial center of northeastern Pennsylvania.  Erie has over seven miles of pristine beaches, a rich history, and tremendous cultural assets, including the Raymond M. Blasco Memorial Library, the third largest library in the state.

This facility was built in 1993 on a 1.37 acre parcel.  It is designed, staffed and equipped to accommodate individuals who require assistance eating, bathing, walking and dressing.  It is two stories, totaling 13,140 square feet, with 36 residence rooms - 25 semi-private and 11 private rooms.  All restrooms are common but have fixed partitions to provide private compartments for water closet, bathtub and shower.  Laundry rooms are available with five commercial grade washers and dryers as well as a therapy room used as a beauty parlor.

The appraiser estimated gross annual revenue in 2004 at $500,200 (about 85% occupancy), which is closely mirrored by the operation’s actual performance. Average annual revenue for 2002 and 2003 was $487,629. According to the 2004 rent roll, 46 of the 61 beds were occupied, with a monthly gross income of $42,331 ($507,972 annualized). As a sole proprietorship, they report the business income to the IRS on their Schedule C. They paid taxes on Schedule C profit of $54,498, and reported a $36,339 profit in 2002; after depreciation expenses (a non-cash expense) of $44,844 and $30,896 respectively.

The borrowers are a husband and wife team that have owned and operated it for over twenty years.  In 2003, they show a combined taxable income of $72,233.  Credit was average, but they had a net worth of $1,064,931 on total assets of $1,348,000.  Their predominant asset is a $600,000 valuation of this property and a $300,000 value for the business.  Often, these values go hand-in-hand.  The 2004 appraisal concluded that the property, as a going-concern, has a $750,000 value, or about $12,300 for each bed.  It has been our experience lending on these types of properties around the country, that assisted care facilities more typically appraise in the range of $15,000 to $20,000 per bed. For this reason, we felt quite comfortable with this modest loan size and the appraiser’s $750,000 value.

Earlier this year, a BPO from a local real estate agent was obtained stating the current value, as a going-concern, is around $619,000 and the “location is average to good”. North East Township is reported as a small community of maybe 15,000; “a desirable bedroom community of Erie, PA”.

At 51.8% loan-to-value on a seasoned, performing Blackburne & Sons first mortgage loan, this appears to be a reasonable investment. Every first mortgage investment involves substantial risk, so be sure to read the Risk Factors section of the Offering Circular before investing. A substantial and prolonged decline in real estate values is possible.

For California Residents Only INVEST IN CORN FARM LAND Take Advantage of Rising Corn Prices Due to Increasing Ethanol Demand Wealthier Chinese and Indian Middle Class Consumers Are Eating More Meat - Two-Thirds of Corn Production is Used to Feed Livestock2 Farm Land Produces Income Even During Recessions Invest With as Little as $5,000 Very Suitable for IRA's Farm Land Purchased With All Cash - No Leverage Used Each Farm Inspected By Certified Agronomist3 Farms Leased to Experienced Growers Short Term Investment - Just 3.5 to 4 Years Farms Will Be Sold When Most of the New Ethanol Plants Are Completed Investments Managed By Blackburne & Brown, a 27-Year-Old Company BLACKBURNE & SONS REALTY CAPITAL CORPORATION IS CURRENTLY SERVICING OVER $50 MILLION IN FIRST MORTGAGE AND CORN FARM LAND INVESTMENTS FOR OVER 900 PRIVATE INVESTORS For An Offering Circular Please Call Warren More at 916-338-3232 or CLICK HERE Only Accredited Investors are suitable to invest in Blackburne & Brown Equity Preservation Fund, LLC, which will invest in corn farm land investments.  In order to qualify as an Accredited Investor, an individual Investor must satisfy the requirements of either paragraph (1) or (2) below and, in addition, must satisfy the requirements of  paragraph (3) below: (1)        The Investor's net worth, or joint net worth with such investor's spouse, at the time of purchase must exceed $1,000,000 (the value of the Investor's home, furnishings and automobiles may be included for purposes of calculating such investor's net worth under this paragraph); or (2)        The Investor's income exceeded $200,000 in each of the two most recent years, or joint income with his or her spouse exceeded $300,000 in each of those years, and the investor has a reasonable expectation of reaching the same income level in the current year; and (3)        Each Investor must have either:  (a) a net worth of at least $250,000 and an annual gross income of at least $65,000; or (b) a net worth of at least $500,000. (the value of the Investor's home, furnishings and automobiles may not be included for the purposes of calculating such Investor's net worth under this paragraph).Other standards may apply to investors that are not individuals, such as trusts, partnerships or other entities.  Specific questions concerning Accredited Investor status should be directed to the Manager.All Units may be acquired for investment purposes only, and not with a view to, or for resale in connection with, any distribution thereof (see, "Restrictions on Transfer"). --------------------------------------------- 2Mark McLornan, Argo Terra, global farming company, DailyReckoning.com, March 19, 2007 3Marc Eads, Certified Farm Analyst (CFA) This notice does not constitute an offer to sell corn farm land investments. An offer is made only through an Offering Circular.  Investing in corn farm land involves substantial risk.  Please be sure to read the Risk Factors section of the Offering Circular before investing. For An Offering Circular Please Call Warren More at 916-338-3232 or CLICK HERE Blackburne & Sons Realty Capital Corporation--For more information, contact George Blackburne 4811 Chippendale Drive, Suite 101, Sacramento, CA 95841 telephone: (916) 338-3232 * Fax: (916) 338-2328 Real Estate Broker -- California Department of Real Estate -- License Number 829677 Publicly advertised to California residents only under California Department of Corporations business plan permit. Return to C-Loans Home Page | Return to Blackburne & Sons Home Page Copyright © 2009 Blackburne & Sons Realty Capital Corporation. All rights reserved. 800-606-3232